Question
A bicycle was sold for Rs. 3150, making a profit of 25%. If
the selling price had been Rs. 2900 instead, what would have been the profit or loss percentage?Solution
ATQ,
SP = Rs. 3150 and profit percentage = 25%
So, CP = 100/125 × 3150 = Rs.2520
Now, new SP = Rs. 2900
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